Unveiling the Stellar Ecosystem

Stellar: Behind the scenes of RippleThere is a lot of talk about Ripple and its global system for cross-border payments for banking entities, in addition to its constant controversy with the Security Exchange Commission, but we cannot ignore the Stellar ecosystem, founded 10 years ago.Stellar is a #blockchain-based payment platform that aims to connect people, banks and global payment systems. It works in a decentralized and open source manner, using a consensus algorithm called Stellar Consensus Protocol (SCP), which allows network nodes to synchronize and validate transactions quickly and efficiently.It also uses a system of anchors, which are entities that issue credits on the network in exchange for real money deposits. These credits can be sent and received between network users, and can be converted to other currencies or assets through a distributed exchange mechanism.To put their work since 2014 in context:Voltage Park will launch a service that will facilitate access to#AIcomputing power. The service will use the Stellar network as a means of payment and will rent access to 24,000 NVIDIA GPUs grouped by the hour or month.Circle has launched a linked to the Euro on the Stellar network, which will allow users to make cross-border transactions quickly and at low cost.MoneyGram announced that it will launch non-custodial digital wallets in the first quarter of 2024, this will continue in remittances, allowing users to easily convert their digital assets into fiat money. MoneyGram will use the Stellar network as one of the payment options.

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